Page 5 - Fintech Startup News Today

Karnataka is working on a fintech startup program aimed at uniting the government, venture capital and the banking sector to offer essential funding and mentorship support, IT/BT Minister Priyank Kharge said on Wednesday.​

Khatabook -- valued at $600 million (about Rs 4,500 crore) after its previous funding round -- is backed by Sequoia Capital (now PeakXV Partners), Tencent, Tribe Capital, and Moore Strategic Ventures, among others.

It has a lower threshold for entry but the rewards are unattractive and charges for re-issue of cards is very high.

Seven years after helping businesses solve the pain points of cross-border payments, Thunes now has bigger ambitions — to disrupt the dominance of SWIFT, the world’s dominant international financial network.

On Wednesday, the company laid off another 18 employees across growth, engineering, product and design functions, cofounder Sambhav Jain said in a post on microblogging platform X.

Since its launch in 2021, Zolve has set out to simplify cross-border finance for students as well as professionals, , magazine 29 July 2023

US financial technology companies are tightening their lending standards, a move that has bolstered their access to debt financing from Wall Street investors, according to industry executives.

Egyptian fintech startup Masroofi recently raised $1.5 million through an investment round supported by unnamed investors. The capital raise came shortly…

Scapia offers a digital credit card, in partnership with Federal Bank, allowing users to earn reward on each transaction in the form of Scapia coins, which can be redeemed for travel bookings within the app itself.

Global private equity firm General Atlantic announced on Monday that it has injected an additional $100 million ( ₹820 crore) into PhonePe, the digital payments company owned by Walmart Inc